Faurecia S.E. (OTCMKTS:FURCF – Get Rating) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 188,900 shares, a decrease of 11.2% from the July 15th total of 212,800 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 1,889.0 days.
Faurecia S.E. Stock Up 5.9 %
Shares of OTCMKTS:FURCF traded up $0.96 during trading on Monday, reaching $17.25. The company's stock had a trading volume of 303 shares, compared to its average volume of 747. Faurecia S.E. has a 12 month low of $15.55 and a 12 month high of $55.32. The firm's 50 day simple moving average is $19.15 and its two-hundred day simple moving average is $26.32.
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Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. Royal Bank of Canada cut their price target on Faurecia S.E. from €31.00 ($31.63) to €25.00 ($25.51) and set a "sector perform" rating for the company in a research note on Wednesday, July 27th. Barclays lowered Faurecia S.E. from an "overweight" rating to an "underweight" rating and set a $15.00 price objective for the company. in a research report on Wednesday, July 6th. UBS Group cut their price objective on Faurecia S.E. from €44.00 ($44.90) to €35.00 ($35.71) and set a "buy" rating for the company in a research report on Tuesday, May 17th. Morgan Stanley cut their price objective on Faurecia S.E. from €48.00 ($48.98) to €38.00 ($38.78) in a research report on Friday, April 29th. Finally, Jefferies Financial Group upgraded Faurecia S.E. from a "hold" rating to a "buy" rating in a research report on Monday, June 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Faurecia S.E. presently has an average rating of "Moderate Buy" and a consensus price target of $39.38.
About Faurecia S.E.
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Faurecia S.E., together with its subsidiaries, manufactures and sells automotive equipment in France, Germany, other European countries, North America, South America, Asia, and internationally. It operates through Seating, Interiors, Clean Mobility, and Clarion Electronics segments. The Seating segment designs and manufactures vehicle seats, seating frames, covers and foams, and comfort solutions.
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